Personal remittances, received in Somalia
Somalia: Personal remittances, received was 21.70 million current US$ in 1983. ◆ Volatile
Personal remittances, received in Somalia, 1979–1983
Source: IMF balance of payments data, International Monetary Fund (IMF). Measured in current US$.
Analysis
The most recent figure for personal remittances, received in Somalia is 21.70 million current US$, measured in 1983.
That represents a change of up 9.1% on the previous year and down 40.8% over five years.
That places Somalia 183rd out of 197 countries with data for 1983, putting it in the bottom quarter.
Personal remittances, received in Somalia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1979 | 36.65 million current US$ | — |
| 1980 | 57.25 million current US$ | +56.2% |
| 1981 | 7.15 million current US$ | -87.5% |
| 1982 | 19.90 million current US$ | +178.3% |
| 1983 | 21.70 million current US$ | +9.1% |
Somalia compared with similar countries
- Somalia's 21.70 million current US$ is below the median for low income countries, which is 595.25 million current US$, 4% of the median. (23 countries reporting)
- Somalia's 21.70 million current US$ is below the median for Sub-Saharan Africa, which is 406.26 million current US$, 5% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 36.65 million current US$ | 36.65 million current US$ | 36.65 million current US$ | 1 |
| 1980s | 26.50 million current US$ | 7.15 million current US$ | 57.25 million current US$ | 4 |
Countries ranked near Somalia
- 180 Kiribati 22.61 million current US$ compare
- 181 San Marino 22.29 million current US$
- 182 Antigua and Barbuda 22.04 million current US$
- 184 Gabon 18.46 million current US$ compare
- 185 Libya 16.00 million current US$
- 186 Malta 15.66 million current US$ compare
More economy & growth data for Somalia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.52 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.5 Percent per annum (2029)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 765.00 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 13.08 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0639 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 40.24 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -0.3355 % change on previous year (1989)
- Total reserves (includes gold, current US$), per unit of GDP 0.0196 includes gold, current US$ per US$ of GDP (1989)
- Total reserves (includes gold, current US$), per capita 3.25 includes gold, current US$ per person (1989)
- Total reserves minus gold (current US$), annual growth rate 0.6536 % change on previous year (1989)
Frequently asked questions
- What is personal remittances, received in Somalia?
- Personal remittances, received in Somalia was 21.70 million current US$ in 1983, according to IMF balance of payments data, International Monetary Fund (IMF).
- What is the highest personal remittances, received recorded in Somalia?
- The highest recorded value was 57.25 million current US$ in 1980.
- What is the lowest personal remittances, received recorded in Somalia?
- The lowest recorded value was 7.15 million current US$ in 1981.
- How does Somalia rank for personal remittances, received?
- Somalia ranks 183rd out of 197 countries with data for 1983.
- Where does this Somalia data come from?
- The figures come from IMF balance of payments data, International Monetary Fund (IMF), published as part of Personal remittances, received (current US$). Statizoid updates them automatically from the source API.
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About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.